Or see if you can get some private funding or hard money that can roll into a more traditional scenario after Its fixed up a bit and rented?

@Engelo Rumora it means private message just so we wouldn't have to go back and forth on his post.

Your profession should be the source of all the private money you will need.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I'm brainstorming different ways to raise capital for my first RE deal and I have questions about private money.If a private investor, let's say a person at a local REI meetup, agrees to invest in my business how does the process work?

Please feel free to private message me.

Does she ned to close on the property first and then we work out a private deal between her and I (would this be a wrap-around mortgage)?  

@Tia PowellWelcome.Your profession should be the source of all the private money you will need.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

My first deal was a trailer in plainview, ne on a private lot.

If you wish to be a little confidential, send me a private message. 

In short, if you want a seller-carryback note created on or after January 1, 2014, if it is a private individual, trust, or estate, then ask them to sign an affidavit saying that they have not done more than three in a 12-month period and how many of them had balloons.